News
Insurance
Australian insurers have started estimating the likely cost of the hailstorms that hit the East Coast on February 18. 6 March 2017
Insurance
US-based private equity firm JC Flowers is acquiring managing general agent (MGA) UK General Insurance from Primary Group. 3 March 2017
Alternative Risk Transfer
The protected cell company concept is now used in the financial services world as an alternative application for the structuring of many different types of products, says Dominic Wheatley, chief executive of Guernsey Finance. 23 February 2017
Insurance
Validus Specialty, a subsidiary of Bermuda-based Validus Holdings, has appointed a new team of US-based cyber underwriters, comprising Jackie Lee and Mary Spicer, from the commercial errors and omissions (E&O), cyber division of Nationwide Insurance. 23 February 2017
Alternative Risk Transfer
A combination of factors could make the insurance-linked securities market more competitive as 2017 goes on, according to Paul Schultz, CEO of Aon Securities. 23 February 2017
Insurance
Bruce Carnegie-Brown is to become the chairman of Lloyd’s following a meeting of the Council of Lloyd’s where his appointment as successor to John Nelson was approved unanimously. 20 February 2017
Insurance
Aon Risk Solutions, the global risk management business of Aon, has appointed Jason Toland as producer and account executive in the Sacramento office, and promoted Don Ortegel as resident managing director in Chicago. 20 February 2017
Insurance
Lloyd's broker Bishopsgate, the London market business of Towergate Insurance, has appointed three executives. 17 February 2017
Insurance
American International Group (AIG) reported a net loss of $3.04 billion, up from a negative $1.84 billion in the same period of 2015, impacted by a $5.6 billion prior year adverse reserve development. 15 February 2017
Insurance
US-based global health service company Cigna has called off a proposed merger agreement with Anthem following an order from the US District Court for the District of Columbia and demands more than $14.85 billion compensation from Anthem. 15 February 2017
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